medicare and medicaid, massive problem down the road. that is where -- that is what our children have to worry about. >> when president obama was first elected he talk about the way it would bring down deficit. the campaign promise is to cut the deficit in half. he said he would do it by focusing at the center of his proposal, going to be entitlement reform. we have seen none of that. more than four years. >> bret: interesting op-ed by bill archer and chris cox in "wall street journal" saying that the real outlay is $86 trillion of unfunded liabilities. obligations when you include all of the federal government, what it owes. that is obviously dwarfs the $16 trillion in debt we hold. >> which raises the question why are republicans allowing the entire debate to be about taxes? and about the war among republicans over holding the line on the norquist pledge or not. when what obama is proposing on raising the rates on the 2% is a triviality. it will reduce the deficit from $11.01 trillion to $1. $1.02 trillion. eight cents on the dollar. n